CUET Accountancy - At the time of dissolution of a firm, the Bank Loan was Rs. 60,000 which was paid by Bhuvan (a partner) along with one-year interest at 6 %, which journal entry will be passed in the books of the firm :- | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 2

Partnership

Medium

common

Realisation A/c Dr. 63,600

To Bhuvan's Capital A/c 63,600

Bank Loan A/c Dr. 63,600

To Bank A/c 63,600

Realisation A/c Dr. 60,000

To Bhuvan's Capital A/c 60,000

Realisation A/c Dr. 60,000

Interest on Bank Loan A/c Dr. 3,600

To Bhuvan's Capital A/c 63,600

✅ Correct Option: 1

CUET Accountancy 2025 3 June Shift 2 PYQs